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Whataburger - Victoria TX 4302 N Navarro St 3,104 SF Retail Building Victoria, TX 77901 $3,436,000 ($1,106.96/SF) 5.25% Cap Rate
Investment Highlights
- 8+ Years Remaining | Scheduled Rental Increases | Options to Extend
- Signalized, Hard Corner Intersection | Centre At Navarro | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership
- Strong Demographics in the Immediate Trade Area
Executive Summary
• The tenant currently has 8+ years remaining on their initial lease with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,104 SF
Building Class
C
Year Built
1977
Price
$3,436,000
Price Per SF
$1,106.96
Cap Rate
5.25%
NOI
$180,415
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.79 AC
Amenities
- Dedicated Turn Lane
- Drive Thru
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
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Whataburger - Victoria TX | 4302 N Navarro St
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